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Lending money to a friend
Comments
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David39 has it right on the button. If you are happy to 'give' this money away, then do it, because its odds on that you'll never see it again. I've been there, got the T shirt.2013 NSD challenge 3/10
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He's probably only your friend because he thinks that you are going to be mug enough to "give" him another £3000. Who needs friends like that.I can afford anything that I want.
Just so long as I don't want much.0 -
don't do it. it will only damage your friendship.
offer help to them as a friend, but not more money!!0 -
....................and you do realise that you will never get your original loan back don't you?0
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you do know if he has a guaranteed lump sum, can prove it to the bank, and assigns payment to them, they won't repossess the house? They'd be mad to go to all that effort instead of getting an assured payment.
I wonder why he isn't doing this...?Debt free 4th April 2007.
New house. Bigger mortgage. MFWB after I have my buffer cash in place.0 -
You already know the answer ... NO."Never underestimate the mindless force of a government bureaucracyseeking to expand its power, dominion and budget"Jay Stanley, American Civil Liberties Union.0
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That is one good friend, borrows £2k and does not pay it back then asks to borrow another £3k, with friends like that who needs enemies.
If you are giving money away any chance of throwing £3k this way?0
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